Infinity Trust Mortgage grows profit by 49% to N898 million on strong interest income

Infinity Trust Mortgage grows profit by 49% to N898 million on strong interest income

Infinity Trust Mortgage Plc has released its unaudited Q1 2026 results for the period ended March 31, 2026, reporting a pre-tax profit of N898.58 million, reflecting 49.38% YoY compared to N601.55 million in Q1 2025

This represents about 30% of the mortgage firm’s 2025 full-year profit, and annualized may hit N3.6 billion in 2026.

This was driven by strong growth in interest and non-interest income.

Infinity Trust Mortgage Bank’s strong performance in Q1 was driven by strong growth in interest income and net fees and commission income

On interest expense, the bank paid N241 million on customer deposits and N298 million on debt issued and other borrowed funds. These pushed interest expenses to N539 million, which is 30% of interest income.

With investment income of N85 million and net fees and commission income of N73.7 million, total operating income stood at N1.4 billion, up 47% YoY.

Total operating expenses, including personnel cost, depreciation, amortization of intangible assets and other operating expenses surged to N486 million

Infinity Trust’s balance sheet size stood at N48.78 billion, up 9% compared to N44.747 billion as of December 2025.

This was largely driven by loan and advances to customers, which increased by 16% to N34.76 billion compared N30.039 billion as of December 2025

On the equity side, total shareholder equity stood at N11.7 billion, up 13% YoY.

Shares of Infinity Mortgage have gained 36% year-to-date (YtD) in 2026, closing at N9.35 on April 29, 2026. Last year, the share price was flat, closing at N7.